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ខ្មែរ Projects Development
IFC Partners with Cambodia for Feasibility Study of Sihanoukville Logistics Complex
- 19 April 2023
The International Finance Corporation (IFC) of the World Bank has teamed up with Cambodia's Ministry of Public Works and Transport to provide financial advisory services for the feasibility study of the Sihanoukville logistics complex (SHV-LC). The signing ceremony for the Financial Advisory Service Agreement was held on 19 April in the presence of HE Sun Chanthol, Senior Minister of the Ministry ...
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Cambodian Board of Investment Approves US$12.2 Million for Three New Factories
- 18 April 2023
The Council for the Development of Cambodia has granted approval for the establishment of three new factories in Cambodia, with a total investment of US$12.2 million. The Board of Investment of Cambodia confirmed the registration of the solar panel factory, “GE NEW ENERGY TECHNOLOGY (CAMBODIA) CO., LTD” in Phnom Penh, the electronic assembly plant, “EBELNO (CAMBODIA) CO., LTD” in Kampong Speu, and...
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Why is Cambodia Pushing Out Multiple Infrastructure Projects Despite an Ongoing Global Crisis?
- 17 April 2023
Amidst a global crisis, Cambodia remains committed to infrastructure development, with over US$30 billion in projects currently underway or on the table. The country's railway system is a focal point, with plans to modernize the 382-kilometre Phnom Penh-Poipet railway system to become the kingdom’s first standard high-speed rail line. The project, estimated at over US$4 billion, is being studied b...
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China Invests US$500 Million on Groundbreaking Subsea Cable Network to Rival USA
- 15 April 2023
China has set its sights on developing the world's most extensive and advanced subsea fiber-optic internet cable network, spanning across Asia, the Middle East, and Europe. The cable network will cost an estimated US$500 million to complete, and it will be laid by Huawei Technologies Co Ltd-owned fast-growing cable firm, HMN Technologies Co Ltd. The EMA (Europe-Middle East-Asia) cable project will...
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CDC Approves $36.2 Million Investment in Solar Panels and Agricultural Products in three provinces
- 14 April 2023
The Council for the Development of Cambodia (CDC) has recently granted registration certificates to four companies with a total investment of $36.2 million, aimed at constructing four factories in three provinces. According to the CDC, the investments are expected to boost the economy and provide job opportunities for locals. One of the companies, "SUNFLOWER ENERGY (CAMBODIA) CO., LTD," will in...
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US$7.2b Jakarta-Bandung High-Speed Railway Set to Revolutionize Indonesian Transport
- 14 April 2023
Indonesia is set to mark its 78th Independence Day with the opening of the highly anticipated Jakarta-Bandung High-Speed Railway, a landmark project that will connect the capital to the thriving city of Bandung in just 40 minutes. The US$7.2 billion railway, a flagship initiative of China's Belt and Road Initiative, has been years in the making and is being spearheaded by the Indonesian-Chinese co...
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“Koh ToToeng” &”Koh Muy” to be developed as a new tourist destination worth nearly US$38m
- 13 April 2023
The Council for the Development of Cambodia (CDC) has granted approval for two investment projects worth a total of $37.7 million to develop two islands, "Koh Totoeng" in Koh Kong province and "Koh Muy" in Sihanoukville province as new tourist destinations. According to the Cambodian Investment Committee publication released on 13 April 2023, "DEN NOKOR (CAMBODIA) INVESTMENT CO., LTD" and "G.T....
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New NR4-Monivong Bokor National Park Road Reaches 30% Completion Milestone
- 11 April 2023
The NR4-Monivong Bokor National Park Road, a major infrastructure project connecting the National Road No. 4 to the Bokor mountain, has reached a significant milestone. As of 8 April 2023, the project has reached 30 percent completion, according to Mr Svay Vuthy, a representative of Sokha Hotel Company, which is responsible for the construction of the road. This comes after the completion of site ...
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CDC Approves Nearly US$300M in Investment Projects in Q1 2023
- 11 April 2023
The Council for the Development of Cambodia (CDC) has announced the approval of 39 new investment projects and investment expansion projects in the first quarter of 2023, with a total investment capital of approximately US$294 million. According to the report, these projects are expected to create around 47,000 job opportunities for local people. The majority of the projects, comprising 38 out ...
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JKD Packaging Co. LTD Receives Approval for $5.3 Million Manufacturing Investment in Cambodia
- 11 April 2023
The manufacturing sector in Cambodia is set to receive a boost with the recent approval of a new investment project by the Council for the Development of Cambodia (CDC). JKD PACKAGING CO., LTD has been given the green light to establish a factory for the production of cardboard boxes and packaging materials, located on Lum Road, Bek Bok Village, Sangkat Kork Roka, Khan Prek Pnov, Phnom Penh, with ...
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